カテゴリー: Compliance

Tether Announces Appointment of New Chief Compliance Officer

Tether Announces Appointment of New Chief Compliance OfficerTether has announced the appointed of Leonardo Real, a former anti-money laundering (AML) quality control manager at Bank of Montreal, as the company’s new chief compliance officer (CSO). The announcement comes just one week after Phil Potter, one of Tether’s directors, announced that he will be leaving sister company, Bitfinex. Also Read: Japanese Police Seize Cryptocurrency […]

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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

North Carolina Banking Bill Passes — Adds Virtual Currency License RequirementsThe state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature. Also read: Major Korean […]

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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are FailingAs the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Bitfinex Starts Sharing Customer Tax Data with Authorities

Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. […]

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Binance to Invest $15 Million in Bermuda as Crypto Regulations Advance

Binance to Invest $15 Million in Bermuda as Crypto Regulations AdvanceWhile some governments say they see the potential future benefits of a local cryptocurrency hub, more proactive jurisdictions are already reaping the rewards. The latest example comes from Bermuda, which is rapidly advancing its receptive crypto regulations and strengthening the local economy.   Also Read: Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for […]

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Australian Tax Agency Seeks Public Input Concerning Cryptocurrency Taxes

Australian Tax Agency Seeks Public Input Concerning Cryptocurrency TaxesThe Australian Taxation Office (ATO) has been researching how to formulate regulatory guidelines for taxing cryptocurrencies recently. This week the ATO is seeking input from Australian residents concerning how the country should tax digital assets. Also read: South Korean Exchange Paying Users to Report Illegal Crypto Schemes The Australian Taxation Office is Looking for Public Opinion Concerning […]

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Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist

Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors PersistAs the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future […]

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Wendy McElroy: Silence and Soul in the Crypto Cold War – the Evolution of Privacy

the Evolution of PrivacyThe Satoshi Revolution: A Revolution of Rising Expectations. Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite of Human Rights Silence and Soul in the Crypto Cold War: the Evolution of Privacy. Chapter 6, Section 3. “It was terribly dangerous to let your thoughts wander when you were in any public […]

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ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

ICOs and Exchange Sign-Ups Create Boom for Automated Compliance IndustryMany of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled […]

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